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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,628.41
(
-1.15%
)
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techcharter

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techcharter

Re: None

Wednesday, 09/16/2009 7:44:13 PM

Wednesday, September 16, 2009 7:44:13 PM

Post# of 51808
ABX Index ABX.HE.AAA.06-1 WOW!!!

This Subprime mortgage index blasted a point yesterday and 4 points today!!! Adam Smith was wrong about the "invisible hand". Everyone can see it is the government. Technically this pop fits nicely with the last push of a trend. In this case it looks like the ABX index is in wave e of a triangle or wave 5 of and ending diagonal. Either way a top is in the works over the next week or two, followed by a strong decline the rest of the year.

http://www.markit.com/en/products/data/indices/structured-finance-indices/abx/abx-prices.page?
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